Cascades Inc. Announces Proposed Private Offering of US$500 Million Senior Notes Due 2022 and Cdn$200 Million Senior Notes Due 2021

KINGSEY FALLS, QC, June 5, 2014 /PRNewswire/ - Cascades Inc. (TSX: CAS)
announced today that it intends, subject to market and other
conditions, to offer US$500 million aggregate principal amount of
senior notes due 2022 and Cdn$200 million aggregate principal amount of
senior notes due 2021 (collectively, the "Notes") in a private offering
that is exempt from the registration requirements of the Securities Act
of 1933, as amended (the "Securities Act") and from the prospectus
requirements under the relevant Canadian securities legislation. It is
expected that the Notes will be guaranteed by the Company's existing
and any future U.S. and Canadian restricted subsidiaries, subject to
certain exceptions, on a senior unsecured basis. The Notes will not be
guaranteed by the Company's subsidiaries outside Canada and the United
States or by any of the Company's joint ventures, entities constituting
minority investments, immaterial or unrestricted subsidiaries.

The Company intends to use the net proceeds from the offering of the
Notes (together with borrowings under its credit facility, if
necessary) to fund the purchase, pursuant to its previously announced
tender offer, of any and all of its outstanding 7 ¾% Senior Notes due
2017 (the "U.S.$ Notes") and 7 ¾% Senior Notes due 2016 (the "Cdn$
Notes"). The Company intends to use any remaining proceeds (together
with borrowings under its credit facility, if necessary) to redeem any
and all U.S.$ Notes and Cdn$ Notes that remain outstanding following
the consummation of the tender offer.

The Notes and related guarantees are being offered only to qualified
institutional buyers in reliance on the exemption from registration set
forth in Rule 144A under the Securities Act, and outside the United
States to non-U.S. persons in reliance on the exemption from
registration set forth in Regulation S under the Securities Act and
upon reliance on the accredited investor exemption in Canada. The
Notes and the related guarantees have not been registered under the
Securities Act, or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States or
Canada without registration or an applicable exemption from the
Securities Act or applicable Canadian securities legislation.

This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any securities, nor shall there be any
sales of securities mentioned in this press release in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.

Certain statements in this release, including statements regarding
future results and performance, are forward-looking statements (as such
term is defined under applicable securities law, including the Private
Securities Litigation Reform Act of 1995) based on current
expectations. The accuracy of such statements is subject to a number of
risks, uncertainties and assumptions that may cause actual results to
differ materially from those projected, including, but not limited to,
the effect of general economic conditions, decreases in demand for the
Company's products, increases in raw material costs, fluctuations in
selling prices and adverse changes in general market and industry
conditions and other factors listed in the Company's Securities and
Exchange Commission and Canadian Securities Commissions filings.

Founded in 1964, Cascades produces, converts and markets packaging and
tissue products that are composed mainly of recycled fibres. The
Company employs more than 12,000 employees, who work in over 100
production units located in North America and Europe. With its
management philosophy, half a century of experience in recycling, and
continuous efforts in research and development as driving forces,
Cascades continues to deliver the innovative products that customers
have come to rely on. Cascades' shares trade on the Toronto Stock
Exchange, under the ticker symbol CAS.